Strategies for Financing Non-Flagged Hotels Using SBA 504 Loans

Strategies for Financing Non-Flagged Hotels Using SBA 504 Loans

Question: Hello Beau, my partner and I are interested in acquiring a vacant motel that requires substantial renovation. While we have some experience managing short-term rental properties, we are relatively new to the hospitality industry. Could you please provide your guidance on how to increase our chances of SBA 504 loan approval? Thank you, Kurt.

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps:
00:22 Explanation of the challenge using SBA 504 loans
00:41 Discussion on projections, budget, and feasibility of utilizing the SBA 504 for hospitality properties
01:02 The underwriting processes for the 504 and 7A loans
01:35 Loan-to-cost ratio for the 504 and creditworthiness for the 7A
01:51 Factors influencing financing approval
02:11 Process of the discovery call and initial financing package

💥 Thanks for watching 💥
#sbafinancing #nonflaggedhotels #SBA504loans

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.